Save for retirement or build up emergency funds? Helping employees do both

For low- and moderate-income workers, access to emergency savings accounts is likely to boost retirement contributions, according to a new Commonwealth report.

By Joel Kranc | May 23, 2023 at 09:44 AM

Financial security is often discussed in terms of the three-legged stool of savings. The first leg being personal savings, the second leg being company retirement funds, and the third leg coming from the government, i.e. Social Security.

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Retirement

Defined Contribution

Retirement Trends

1 Between You and ICHRA: An Inside Look into Building a Successful HRA Strategy

2 Top 10 states with the longest retiree life expectancy

3 UnitedHealth begins to move away from Humira, joining CVS, Express Scripts

4 Cigna's Express Scripts sues FTC over 'defamatory' PBM report

Insurance
BenefitsPRO Broker Expo 2025 (BPRO)
May 06, 2025 - Boston

The premier educational and networking event for employee benefits brokers and agents.
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GlobeSt. Multifamily Fall 2024
October 15, 2024 - Los Angeles

Join the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!
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Credit Union Times Luminaries Awards 2024
November 07, 2024 - Orlando

This event shines a spotlight on the individuals, teams, projects and organizations that are changing the financial industry.
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401(k) contribution limit projections for 2025: Mercer, Milliman

By Lynn Cavanaugh | September 18, 2024

While the official IRS announcement will come next month, the contribution limit for retirement accounts will likely increase from $23,000 to $23,500 in 2025, according to new Mercer and Milliman reports.

401(k) contribution limit projections for 2025: Mercer, Milliman

5 SECURE 2.0 provisions that will help employees save for retirement: UBS

By Lynn Cavanaugh | September 18, 2024

Plan sponsors and employers are searching for advisors and consultants who are highly knowledgeable about SECURE 2.0 provisions, according to a new UBS survey.

5 SECURE 2.0 provisions that will help employees save for retirement: UBS

The Social Security crisis: 3 in 5 Americans say funds will be depleted by 2035

By Lynn Cavanaugh | September 17, 2024

The depletion of funds will directly impact retirement strategies, which is why employers need to focus on enhancing employee 401(k) plan offerings, promoting higher contribution rates, and providing financial literacy programs, says a new Atticus survey.